Bitcoin Price Prediction Today: Bears Target $82,500 After Market Bloodbath

Quick Summary:

The Federal Reserve recently cut interest rates by 0.25% (25 basis points), which was expected and already priced in by the market.

While Bitcoin has been in a general uptrend, there have been hints that a correction was due.

The market continues to show downward movement, with the possibility of further declines before any recovery.

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Article Details

Author / Journalist: Anjali Belgaumkar

Category: Crypto

Markets: United States

Topics: Crypto news Price Analysis Bitcoin News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-20 @ 13:50:00 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 307 words

Reading Time: 2 minutes read

Sentences: 28 lines

Sentence Length: 11 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 24568237

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About Coinpedia

Main Topics: Crypto

Official Website: coinpedia.org

Update Frequency: 29 posts per day

Year Established: 2016

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

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Publisher ID: #112

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